Amazon buys 5% equity in Shoppers Stop for Rs179.25 crore1 min read 23 Sep 2017, 08:21 PM IST
Shoppers Stop approves a proposal to sell 5% equity for Rs179.25 crore to Amazon's investment arm. The proposed deal values Shopper's Stop shares at Rs407.78 each
Mumbai: Departmental store chain Shoppers Stop Ltd has approved a proposal to sell 5% equity in the company for Rs179.25 crore to Amazon NV Holdings LLC, the investment arm of the world’s largest online retailer Amazon Inc. in a board meeting held on Saturday.
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